April 14 (Reuters) - TIB Financial Corp:
* Announces terms with Patriot Financial Partners for private placement of
stock
* Says Patriot would purchase $20 million to $25 million of newly issued
shares of the company's common stock
* Says proposed investment by Patriot is conditioned on, among other things,
maximum price per share of $0.70
* Says term sheet provides that upon company securing firm commitments for majority of $150 million of capital to be raised
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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* Announces terms with Patriot Financial Partners for private placement of
stock
* Says Patriot would purchase $20 million to $25 million of newly issued
shares of the company's common stock
* Says proposed investment by Patriot is conditioned on, among other things,
maximum price per share of $0.70
* Says term sheet provides that upon company securing firm commitments for majority of $150 million of capital to be raised
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.